Must Have Insurance for Painting ContractorsYour painting business means a lot, which is why you have worked hard to establish it. With any business, there are inherent risks involved that could totally destroy it, leaving you financially in ruins. Without the right painting contractor insurance, you may be only one fall away from having to close up shop. Whether you run a large company with many employees or are a one-man operation, there are must have insurance coverage options for painting contractors just like you of which you need to be aware.

Unfortunate Events Can Happen

In the blink of an eye, unfortunate events can and will happen. Imagine you have a worker on a job site, painting on a scaffold, when he suddenly loses balance and falls. Not only did your worker fall on his back and have to be transported to the hospital, but now has a surgery scheduled with projected medical expenses in the thousands. Do YOU have the right type of painting contractors insurance to protect you and your painting business?

Basic Coverages That Painters Need: 

  • Commercial Auto Insurance– This type of coverage typically insures vans, pickup trucks, cars or any other vehicles used for business purposes.
  • Liability Insurance– This type of coverage provides protection for general liability claims to include bodily injury and property damage claims.
  • Workers Compensation- This type of coverage provides protection for the employee(s), which includes medical expense compensation and a portion of lost wages, or even disability should an employee(s) get injured/sick from a job related incident. Whether your business is big or small, it is important to follow the state requirements regarding workers compensation laws. Your local N.C. independent insurance agent can advise you in this area.

Who Needs Painting Contractor Insurance?

Commercial painters need to have a painter’s insurance policy in place not only to protect themselves, but also their employees and the business itself.

If you are any of the following, then you need quality contractor insurance!

  • Painter
  • Handyman
  • General Contractor
  • Builder
  • Developer
  • Remodeler/Renovator
  • And More

What Does a Typical N.C. Business Owners Policy (BOP) Cover?

The best solution for your N.C. painting contractor insurance coverage will be a BOP, which is designed for smaller businesses, while bundling both property and liability coverage(s) for a reduced premium. The type of coverage provided under the BOP includes the following, but not limited to:

  • Property Insurance- This covers damage to your property and equipment
  • General Liability Insurance (Bodily injury and Property Damage)- This provides protection for damages from injury and/or property for which you are liable
  • Business Auto Coverage- This insures the vehicle you buy or rent for business purposes
  • Business Interruption Insurance- This provides coverage for loss of revenue for a stated time due to a covered loss
  • Medical Payments Coverage- Covers injuries to others on property that you rent or own
  • And More

Contact Your N.C. Independent Insurance Agent Today!

Protecting your painting contractor business is OUR business and we are here to assist you with all of your painting contractor insurance needs. We understand the many risks associated with your business and we can customize an insurance policy that will adequately protect you and your painting business. Call TODAY so we can help with all of your business needs at 866-869-3335.

 

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